Obamacare and loss aversion

A Two-Word Psychological Concept Can Explain The Anger Over Obamacare’s Potential Repeal

As you may have noticed, the prospect of Congress repealing the Affordable Care Act, as Republicans have long promised to do, has sparked a pretty furious political backlash. All around the country, citizens who are terrified of losing their health insurance are hounding their elected representatives, urging them not to vote for repeal. As the New York Times put it, “President-elect Donald J. Trump and congressional Republicans appear to have accomplished a feat that President Obama, with all the power at his disposal, could not in the past seven years: They have galvanized outspoken support for the Affordable Care Act.” ….[READ]

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